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EVENING PUBLIC LEDGER-PHIEADELPHIA' vTHtJESDAY, ' AtJGUST 2 1922
mmmpmm.
OrSfeT,
it? 'J
Service end Stability
ivr
I,
The Industrial
Development
of mr nclghborlieoil lina
' become an assured fnct.
The clese proximity te
the center of the City
the supply of labor tlie
nearness te the Delaware
Itiver Bridge terminus
and the opening of
Spring Garden Street te
the River, are all fea
tures that recommend
this vicinity as an indus
trial center.
We have nothing te sell
but SERVICE; but we
will be glad te assist you
in locating near us by
finding a site, appraising
values, or insuring your
title when purchasing.
I
I V'Clr
ml
U
m
Integrity
Trust Company
Fourth nnd Green Streets
k :
M.
w
c
L
Capital $500,000
Surplus and Profit.. $1,959,000
J'K
.1
$45,000
CITY OF
MEDICINE HAT
Alberta
Thirtj.Ycar (j's
Due Ne. 14, 1951
at
100 te Yield 6.00
Pi
1
tt.f-
a' l i
v '
i
i
mx
high - grade, long - terras
Municipal at a very
attractive price.
.4
ff
JJSame, WHthbtt
& Company
1422 S. Penn Sq., Phila.
K.tllblWlfd 1RHO
v uemucn aciu tern jr-ici r zciianQey
3 Bolten
New Yerk
Chicago
BffWflW'tfW frrt frfr fet ft vzf: ,
if
M
WHOLESALERS
Bankers and investment
houses arc invited te uie
our service when desiring
te buy or sell any Govern
ment Leans.
"A Natien-wide Market "
COMMERCIAL
TRUST COMPANY
Member Federal Reierte Syitera
City Hall Square
ifi:
J,
efl
1
FiJf
iJTT
!i
w
BBBBBBBBBBBSssBa X
We offer a well-seasoned Public
Utility Bend free of Nermal Fed
eral Income Tax and Penna. State.
Tax.
Paciflic Coast
Sectirities
Pacific Gas & Elec.
as, 1011
Southern Cal. Edisen
HS, 1011
Great Western Power
as, loin
Sierra & San Francisce
II as, ,1049
Pacific Gas & Elec. Pfd.
McDonnell &fe
Members 'eiv Yerk stei k Cxchunue
120 llreailu:ij Tel. Itecler 7R00
Direct Private lVirc te J'acifle Coast
IV".
i
v,-.
sfu
Iff
Equipments
Short-Term Notes
Leng-Term Utility Bends
Baker, Yeung & Company
JOSKl'll W. SWAIN. Jr.. Manucer
Land Title Bldg.
Bosten
Philadelphia
.
. t
, 2
SELECTED STOCKS
AGAIN CREEP UP
Sslts
I 200
300
200
1600
103
49)0
tee
2300
900
00
100
100
100
830
3830
100
100
200
300
100
100
830
4030
100
1900
200
200
500
6600
2'100
.00
930
403
100
2700
30030
400
100
100
400
2600
100
200
300
2630
100
4700
200
100
103
2330
200
300
300
100
900
4500
200
100
1500
200
12700
100
6500
300
100
4900
100
2430
100
200
2900
2CO
330
200
100
2400
330
330
1!00
v 300
430
100
800
500
100
103
8 JO
200
430
5100
400
100
100
2930
2600
200
200
3900
1930
1200
500
1630
100
300
530
6700
13100
2300
100
330
12830
230
200
200
6030
600
930
tee
1100
100
100
2500
100
9)3
600
3330
1930
200
100
3300
Peel Operations a Potent In
fluence in Scattered Indi
vidual Demonstrations
New Yerk, Ann. SI. Despite con
tinued Irregulurlty In the movement of
main body of stocks, new high records
were established by a number of Issues
In tedny's stock market. Vhlle the
surface aspect of the general llt wni
uncertain, renfiMng nnd ennfllrtlng
there wns retained an undertone of
pronounced strength. Further pioflt pieflt
taking was encountered nnd nlse some
additional short felling. Kvldentl.v a
comparatively small volume of "forks
was dislodged nnd apart from the ship
ping shares there was net the first ele
ment of weakness disclosed.
Indifference te the rejection of seni
ority concessions by the railway exec
utive vn explained In the fact such '
action Mail been generally anticipated
and the market world undoubtedly ,
would have been greatly disappointed If
the roll chiefs hed done otherwise.
Whatever unfavorable Ide there mny
have been te the Incident was c:isil
discounted in the moderate reaction of
the mils In the preceding sessions. The
Incident in measure was nlse counter
balanced by the growing belief that the
carriers were in u gne, position te con
tinue the movement of traffic without
further serious interruption. This be- I
Ili-f was strengthened by the evidence
of tlu steadllj expanding traffic con cen
nined en the reported increase of 41,
.'111 n freight leadln;s. I
While there was said te be con- I
Histent widening of the outside interest
peel operations wer. a potent influence I
as Indicated In the rapid rise of thei
"PCCinl Stocks uhiph ImnilMlnnnMr '
exerted a sustaining Influence en the
general list, because they mere or less
left i he position of the professional
traders Milnernble, as there was no tell
ing where the concentration of specu
lative activity would be shifted next.
The existing deadlock in the rail
strike situation resulted In temporary
transferring of interest te the indus
trial division. While the rails wav
ered, the oils, independent steels,
meters-, miri'handise nnd public utility
share were in active demand at gain's
of 1 te ;: points. New high-! for the
year were established bj Consolidated
Cigar. Reynolds Tobacco. Deme
Mine. Public Service of New- .Terser,
Iliewn Shee and Knsttnnn Kodak. Al
though this did net furni'h nn alto
gether inspiring leadership, it never-
wieicss ucnienstratcfl the complete con- ,
trel of th constructive forces. Mexican I
Petroleum sold off at the opening, but 1
made another bulge above ISC with J
sympathetic advances in Pan -American ,
and Housten Oil. presumably in re-
I spouse te the settlement of the Mexican 1
expert tax question. cakness. en the1
ether hand, persisted In the shipping
shares, which was explainable in the
doubt and delay attending the Ship Sub- I
sidy bill and the unfavorable conditions
of ocean tonnage. The chemical shares '
were ale subject te reactionary in- i
faiences. I
Strength of high-priced railroads. '
which tmpreed 1 te 15 points with 'ev- '
eral new i.igh records made, contrasted
with the active selling of shippings,
rubbers and American Telephone In the
afternoon. Northern Pacific rose 'J".t
te a new high figure, while Canadian
, Pacific, Atchison. Heading. Omaha,
I Chicago Northwestern. Missouri Pa
1 cific preferred and Ann Arber pre
ferred were 1 te II points better. To
baccos nlse climbed en the announce
ment of an increased dividend en To
bacco Products A stock. American
Telephone made a sudden downward
dive of 1 points en the announcement of
n new stock Issue of $11.",()00,00). Mn Mn
rlne preferred extended Its break te
l'j and Tutted States Kubbcr and
, Kellj -Springfield were also depressed
I severely.
' Seme of the Industrials were sub
jected te further pressure in the Inst
I hour, which was accompanied by profit
taking In oils, Mexican Petroleum for
feiting all of Its gain The demand for
I'nited States Steel, the tobaccos and
' dividend-pa; lug rails continued, how hew
; ever, the final sales n these issues be
lncat or near the dn'.s best prices.
Early dealings in bends were subject
' te the same Irregular!! j as stock prices.
Hail mortgages were again the most
active. Leng Island refunding Is yield
I Ing l'i4, with nominal losses tnklug
, place in Chesapeake and Ohie convert -Ible
t'is, Erie general 4s, Pennsyl
vania 15 and St. Paul convertible 4ss.
i However. Norfolk and Western con-
vcrtible (Is moved up a point, while
smaller auvances were registered by
Frlve Income 5i, Southern Railway .""s
and Seaboard Air Line adjustment Tis.
French frs receded slightly In re
1400O
100
3830
100
tiioe
2333
400
200
630
100
3030
100
400
330
6230
1100
803
100
28 JO
2230
2030
300
3400
600
300
500
5400
100
3400
600
100
533
5930
500
5700
400
1830
100
7603
40 JO
100
300
400
2030
200
1500
100
630e
1500
300
2600
10O
spense te the weakening of ParlH ex-
xr . , . . . change, but .Topanese 4s and Belgian
earnings are several times the in- 7is moved te higher ground. Liberty
tarest charges. Sold en a basis te .'ii3s advanced slightly, but ether Gov-
yield ever 6 . , crument Issues bhewed declines of 10
F. P. Ristine & Company ! Henvy liquidation of International
,.. , ,. ,.,,,,. I Mercantile Marine h's forced that issue
Widener Building, Philadelphia piewn 3"t ilnts. while American Tele-
Kw YerU Kllzabetb. N. J. , phone convertible (Is fell back II te, ire-
Utmbers A'ew Verfc and Pftlladelpnie 1 Mimnbly en the announcement of a fur-
Stock Exchanges tll(?r fetick Kmi by thet cempiinj.
.Hiivrii-iui i ikiiiii fii ,ts iinu v nne i oji eji
per i)s gained substantial fractions while
lmsvs of slmllnr character took place in
Henirnl Ehs'tnc Us and American
Smelt. ng .V.
MARKS GO LOWER
Anether Slump of Twe Points Sends
German Currency te .05 '4
New Yerk, Aug. 24. At the opening
of the market for foreign exchange to te
day sterling showed n less of '4c, while,
the rest of th marker, with the excep
tions of Swedish ami Dutch, showed
neavy declines. Marks started down 1'
points at the extraordinarily low figure
of (Kl'j. Other losses were as follews:
Francs, (J points ; HHglnns, 7'j ! lire,
." ; Norway, ! ; Spanish and Dnnlsh, 2,
and Swiss, 1. Swedish guined 11 and
Dutch rose 2.
Quotatiens: Sterling cables 4.47-,
demand 4.47; franc cables 7. 78, checks
7.77'i ; IStiglnn cablet 7.30, checks
7.;iSyv i lire cables 4.44 '. checks 4.44 :
Swiss cables 1!.0(1, checks 1D.0.T : pe.
seta cables 15. fW. checks Ifi.M; Danish
cables 21.60. checks 21,1 'T; Norway
cables 17.22, check 17.17: Swedish
cables 21)..'),', checks 2u!50; guilder ca
bles 311.00. checks 38,H,ri ; marks .0rV.
The weukness In the murket wa at
tributed te the disturbed political con
ditions In Europe.
In the Central European exchanges,
Cecho-Slevaklun nnd (irecks were u
shade lower. Quotations were: Bul
garian. .OVir Rumanian, .82: Serbian,
l.lllj (Jreeks. 3.30; Czeche-Hlnvuklans,
3.40; Juge-Slavln, .20; Polish. .00115;
Finnish, 2.20; Austrlnn, .0010; Hun
garian, .00,
The premium en New Tork funds
In Montreal today was nominal at te
per cent. The discount en Canadian
funds In New Yerk was 3-32 per cent.
VESTKIIDAT'S CI.OS1.NO QUOTATIONS
HlTllllg Krancs Lira Oulld-r
Demsnd . . Vt 7 H84 4 4Ti SR.Sl
Cttbles . 474 7.BH 4,iVi 38.00
TODAV'8 OPKNINO QUOTATIONH
400
200
25300
1000
600
48
23030
2030
2300
300
1330
600
800
100
GOO
100
6000
1300
300
1000
titrrllns Kmncs I-Ire UulMrrs
nsmsnd
Cables
. . . . 117
T 71',i 1,4 , .IS. B.I
.. . 4.47"i T.7B 4.44V4
ao.te
CI.081NO QUOTATIONS
KterllniftF
i iilin-
Francs Llr Qulldri
I)mand
Tfl
'4.41
e.na
.'allies'
T8i
i.il'.k
30.QI
NEW YORK STOCK EXCHANGE TRANSACTIONS
Only Afternoon Repert In Philadelphia Quoting Futt List '
Net
Cbt.
In I eis.v CTIV T.nW ClOSS
.. Adams Expres 77 H 11 Yz i'
.. Advance ltumely... 20 ',4 20 2
3 Advance numcly pf. 59 J4 59 59 -
.. Ajax rtubber..:.;.. 12 "H , 'H
7 All American rahle115 H5 US -r
1
M
.Amen i;netn ujt.e'" " j? ,, t.
7 Allied Ch A Bye pHlOH JllOH 'i?
El ' OI7"
AWs-Chalmera sb4
!j)'2
57 J4-
Am Aicrle Chem.... M's
40 Ji
69
52
47 J4
80
71H
60 Vt
185
124J4
27 !i
614
MH
73
110i
33 U
56
1111.
444
107
7
15
6314
102
42 u
83 Ji
110
'4
118
150
149ii
11U
88 Ji
94
103 Ji
32
10'i
55
18
48Ji
55 4
85 'a
116
10314
94 J4
3'i
117 '
2Ji
2
29
22',
16!i
29
3
175U
114J4
58 H
65 ?s
61
i2J4
32!4
78
101
114
9!4
12S
36!i
74
115'i
25'j
21 Ji
116J4
58 Ji
97 in
135Ji
96 1-4
7
30
20!',
10
81 H
iZH
8!i
144
6Ji
93
42 Ji
40 H
74
195
394
eeii
77
10H
17
40 H
62 H
8.
22 $4
35
52 ?i
SO
122
744
44 J,
C6
97 J4
78
22 H
30 Ji
60
100 J4
72
32 Ji
62
1C0M
3Js
70
394
128
9J4
78J4
93
118
119H
46
62
95
24 Ji
B3J4
35 H
51 J4
2114
129J4
132
111
37 Ji
8
138
85
78
474
21
39 !4
65 !i
IV H
27!-4
19J4
69 J4
99
55
12J4
22 J4
62
67
78
I04?4
185
13J4
81 14
34 fc
86 Ji
15H
32 Ji
3
42
12H
16
41
82 Ji
2
85
23
79
20 Ji
18J4
9J4
112
3H
41
4
32 Ji
39
25 H
23 Ji
lit
13
53 J4
17J4
56 J4
75
14
32Ji
18J4
60J4
45
,
26
58 Ji
-
41
70 -
52
47Ji
80
73
C0J4-
185 -
124J4-
2714-
6J4-
14H-
73
112J1
-
120J4
44J4 107 -7
154
64 -102
4-42Ji-r
83 J4
110 -
H
119H-
1504-
14974
18J4
88Ji-
94 -
108 !4 -f
32
18J4 ,
55 .
18
50 Ji -f
.. Am A;rle Chem pf.. 71
3 Am Bank Nete pf.. 52
.. Am Beet Surar,... 47 Ji
i Am Beet S"u(rar pt.. 80
4 Am B Sh Fdy new 73
Am Can 61 H
12 Am Car A Fdy 185
7 Am car Fdy pf..124 54
. . Am Cotten Oil 27 14
.. Am Drug Syn 6H
.. Am Hide 4 leather 14 H
. . Am Hide & I.eath pf 73
7 Am Ice 11254
Am Intemat Cerp.. 34 Si
.. Am Unseed pf 56
6 Am Locomotive .... 1 21 U
3 Am Metals 44 !i
.. Am Metal pf 10714
.. Am Safety Razor... 7
.. Am Ship A Cem.... 17
.. Am Smelt 64 V
7 Am Smelt pf 102
3 Am Steel Foundries 42 H
.. Am Surar ner 63 Jj
7 Am Sugar r.tt pf..110
. . Am Sumatra Teb rts 3,i
9 Am Tel L Tel 122?i
12 Am Tobacco 150i
12 Am Tobacco B 1494
.. Am Waterworks.... 18',i
7 Am Watrwks 7 pf 88 H
7 Am Woolen 94 i
7 Am Woolen pf 10814
.. Am Writ Paper pf. 32J4
.. Am Zinc Ld & 3nie!t 18'i
.. Anaconda Copper... 55',
. . Ann Arber 18
.. Ann Arber pf 51 Ji
4 Ame Dry Goods.... 55 U
7 Asse D aoeds 2d p 85 ji
C Asse Oil 116
Atch Tep & San Fe104J4
B Atch Tep A S F pf 94
.. Atlan Blr & Atlantic. 3 "4
7 Atlantic Coast Llne118
. Atlantic Fruit 2U
.. Atlantic Fruit ctfs. 2(4
.. Atl Gulf A W I S S 32J4
. . Atl O A W I S S pf 23
.. Atlas Tack Cerp. .. . 16li
.. Austin Nlchel 20 Vz
. Aute Sales Cerp. ... 3
7 Baldwin Locemottve127
7 Baldwin Loce vt...lAi
.. Baltimore A Ohie... 59 Vt
4 Baltl A Ohie pf 66
.. Barnctt Leather ... 61
.. Barnsdall Class A.. 33 J,
.. Beechnut Packlntr.. 32)4
5 Beth Steel B 79
7 Beth Steel 7T pf...101
8 Beth Steel STe pf...H4
.. Beeth Fisheries.... 9"tf
.. Brit Em Steel 13'S
.. Brit Em Steel 2d pf 36 h
7 Brit Em Steel 1st pf 75
8 Brooklyn Edisen. . .1 15U
.. Bklyn Rapid Transit 25 i Ti
. . Bk.jn R T ctfs of db 21 Ji
8 Bklyn Union Gas...117
.. Brown Shee 61
7 Brown Shee pf 97 Vi
10 Burns Bres ISD'i
7 Burns Bres pf 93!'s
.. Butte Cep & Zinc. 7
.. Butte & Sup Cep... cO's
.. Butterlck Ce 20 U
. Cadde Cen OAR.. 10;
1
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6 California Packing.
. . California Petrel. . .
. 6ZJ
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147U
. 6H
. 93
. . Cal Zinc A LAd. ,
10 Canadian Pacific.
. . Case .T I Plew. ..
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93
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41J4 14
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195 2
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32 14 f J4
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66J4- 1
45 Ji
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7 Case J I 1st pt.
Case J I Threshing 42 'J
Central Leather.... 41 '
.. Cen Leather pf. ... 75 Te
. . Central of X J 1 95
.. Cerre-de-Pasco .... 39 Ti
8 Chandler Meters... 61 H
4 Chesapeake A Ohie. 77 H
.. Chicago A Alten... 11
.. Chicago A Alten pf. 18
.. Chicago & E 111.... 41 H
.. Chi & E HI (new) pf 62 H
.. Chicago A Or West 9
.. Chi A Gr West pf . . 22
.. Chi Mil A St P 35 Js
.. Chi Mil A St P pf. . 54
5 Chi A Northwestern 91
7 Chi A Northwest pf 122
4 Chi Pneu Teel 75
.. Oil R I 4 Tae 45 i
e Chi R I A Pac 691 pf 86 Ji
7 Chi It I 4 Pac 7 pi 97
6 Chi St P M A O.... 78
.. Chile Copper 23 !4
.. Chlne Copper 20 '4
. . Cluett-Peabody .... 61J4
7 CUiPtt-Peabedy pi.. 100 "A
4 Coca-Cela 72 H
. . Cel Fuel A Iren 32 Ji
4 Colerado A Se let pf 62
.. Celum Gas A Elec. 102 '4
. . Celum Graphophens 3j4
6 Cemput Tab Ree... 70
. . Consel Cigar 39 i
8 Consolidated Gim...M9i
.. Consel Textiles 10
.. Continental Can.... 79 Ji
6 Cent Insurance) 93
4 Cern Products Refl19
7 Cern Pred Ref pf..H9H
tee
6700 2H Cosden A Ce.
48 K
Crucible Steel
94
95
23 54
7 Crucible Steel pf . . .
.. Cuban Am Sugar.
7 Cuban Am sugar pr sjjs
.. Cuba Cane Sugar pf 36
.. Duvisen Chemical.. 54 H
.. Debeers C MIn Lta 21 H
9 Delaware A Hudsen129J4
6 Del Lack A West... 133
8 Detroit Edisen HI
2 Deme Mines 39J4
.. Duluth Se S A A pf 8
g Du Pent (E I ) Ce .13814
C Du Pent 6 deb pi 86
6 Eastman Kodak new 81 4
S Elec Storage Bat... 48K
.. Elk Hern Ceal 22 T4
.. Emersen-Brant pf . . 39 J4
5 Endtcou-Jehnson .. bl'
.. Erie 12,,
.. Erie 1st pf f'H
.. Erie 2d pf 13"4
t Famous Players L. . 91
g Famous Players pr 100
6 Fed Mln A Smelt pf 55 Ji
.. Flsk Rubber 12H
Frtepert Texas.... 23
'z Gen Am Tank Car.. 62
.. General Asphalt 68 J4
6 General Cigar. .... .79 Ji
7 General Cigar pf . . 04 fi
8 General Electric. .. .1E6h
, General Meters.... 13
6 Gen Meters deb 6 81 54
.. Goedrich B F...... 36
7 Goedrich B F pf. ... 86J4
Gray A Davis 15 M
!.' Granby Mining 32 Ji
7 Great Northern pf . . 95 Ji
4 Gr North Ore ctfs.. 42 J4
Guantanamo Sugar. 12 H
" Gulf Mobile A North 1614
" Gulf Mobile A N pf. 41 H
" Gulf States Steel... e4J4
" Hablrshaw Electric. 2
7 Hartman Cerp 86 J4
.. Hendee Mfg 23
Housten Oil 82 H
's Hudsen Moter Car. 21 Ji
1 Hupp Motorcar.... 1814
Hydraulic Steel.... 94
'j Illinois Central 112
T.,riinhema Ret 314
Sno " Inspiration Cen Cep 41J4
122 ! nter Cen Cerp pf . . 4J4
" ..- rjr.Tild 32U
loe .. :;-;r 3a;7
2 Inter Cem Eng 27 J4
Int Great North wi. 24
"t lnt Harvester new. .1114
Int Mer Marine 144
'i Int Mer Marina pf. 56 H
Inter Nickel 18 J4
' international Paper 57 H
6 Inter Paper stpd... 75 (4
Invincinie uii i-uni.. n
Iren Products 32 h
,. island OH H
,. Jewel Tea 18Ji
. Jewel Tea pf 67 J4
. Jenes Bres Tea.... 45
.. Kansas A Gulf B
Kan City Southern. 26 J4
'4 Kan City Se pf.... 58J4
,, Kayser Ce new... 45 ;,
Dlr.
'n t BTOC1C Itltb
8 Kayser Ce new pf.104
.. Kelly-Sprlngfield ... 43 J4
Kelsey Vlieel 94 J4
Kenneeett Copper.. 37 J4
. . Keystene TAR.... 9
7 Kresge s S 167
r Lackawanna Steel.. 804
7 Laclede Gas of St L 92
.. Lake Erie A West.. 36 J4
Sites
300
5300
100
4100
2200
330
3100
30O
100
LeW
104
'42H
944
37 Ji
894
166
80
904
36 J4
2694
68 !i
18994
189
59
18)4
1214
166J4
137
55 Ji
89
38 Ji
45
50
4914
38 74
64
41?i
57 !4
1894
19)4
182)4
19 i
17
30 Ji
13 Ji
34Ji
70
13!i
I9J4
45Ji
34
23)4
59
13Ji
74
108
23
11 J4
54
58 Ji
104
494
1714
72 Ji
77
98 94
86
38 Ji
32 Ji
27 J4
117J4
83 94
46
0
86 Ji
38
2 94
20 Ji
150
11 14
36
4)i
E0
57 Ji
79 Ji
75
47 'i
6Ji
91
24 Ji
39 J4
74
80 Ji
4394
48)4
11J4
30
74
66 Ji
98
394
21 J4
90
107 J4
83 Vt
100Ji
42 94
9494 126)4
49 H
3Ui
113
32
I6J4
78 J
52 Ji
36 Ti
3214
73 )i
94
3!i
30 94
52 Ji
53 94
31 4
56
34
EOJi
12J4
3!i
7Ji
13 Ji
90
8?4
96
3214
10J4
49
76 Ji
52
94
27 J4
63
20
122J4
109
184 J4
1I7J4
53 Ji
694
6
53 Ti
44 Ji
12694
2Ji
1)4
1094
48 Ji
50 )i
33)i
25 Vt
23 14
128
57 J4
83 94
54
14
51 !i
69
1994
149J',
79)41
102 94
151
16
33
73 94
34 J4
7J4
20)4
64)4
73
55 94
104 H
44
10394
12154
1I5J4
67
17)4
51
29 !i
68
53
11J4
13)4
34
80 JS
108
1494
23 94
20
62J4
115
100
6394
14)4
26 Ji
27 li
48 H
894
14)4
7
39
43 JS
120
42
73
4.JH
9414 37)4-8?4-
166 -80
92
94
68f4 190
189
59 94
1854
12)4-
166 J4
200
V2 I2 I'lKfCett A Myers, ... 190
13 Liggett A Myers n. .189
3000
1000
tee
400
1600
100
14800
300
5000
3200
4200
100
4800
200
500
.. Leew'n Ine 18H
Left Ine 12J4
12 Lerlllard (Pierre).. 166 J4
7 Ix)uisvlllfl ft Nash.. 137 J4
.. Mack Truck 56J4
7 Mack Truck 1st pf. 89
.. Malltnsen Ce 39H
Manatl Sugar 45
7 Manhat Elev Guar.. 53 H
Manhat Elee ctfa... 52
2 Manhat Shirt 40
Market St prier pf . . 64
Marland Oil 42 Ji
Max Moter Clasa A. 57 J4
.. M Moter Class B. 19
ti VaIml.m. taJL
137
64
42
57 JS
18294-1994-17
-30J4
13 94
3594
70
13J4
1954 46JS
34
24
60Ti
13i
74
108 -23
Ji
11 Ji
54
5814-
104J4
494
17 5i-72Ji-77
-98
94
700
2S?2 " Mexican Petroleum. 1 86 Ji
;,XX b MC5C Seaboard 20
? 6 Mex Seaboard Oil et 17 J4
.'2. 2 Miami Copper 30 Ji
j203l.:e Middle States Cerp. 13 94
5500
miavaia steel se
M St P A S St M.. 70
. Me Kan A Texaa.. 13Ji
. Me Kan ft Tex (wi 19 H
. Me Kan A T (wl) of 46 Ji
Me K ft T 3d aa W 34
. Missouri Pacific... 24 54
. Me Pae pf 61
Moen Meters 14
3 Mentana Power.... 744
7 Mentana Power pf.108'4
.. Montgomery Ward. 23 '4
. Mether Lede Mining UJi
. Nat Cleak A Suit... 54
. Nat En A Stamp... 50 !i
6 National Lead 1044
tee
200
13000
3500
100
3000
9800
3000
1000
200
5000
2830
100
500
800
300
500
530
100
5200
-xat R n of M 2d pt 4i
Nev Cen Copper.
17Ji
JV e Tex A Mex.
N T Air Brake..
N T Central....
72 4
77
99 "
86
100
N T C & St L.
300 24 New Tork Deck.
38 7i
32 Ji
27J4
11894
auja
11500
New Tork N H A H 33
400
830
5430
2100
1030
28930
200
600
100
200
630
300
1000
1100
7900
21300
6100
4000
2800
530(
100
2700
100
200
2830
1630
1030
100
930
700
200
2 New Yerk Ont ft W 27)4
7 Norfolk A Western.1184
6 North American.... 8554
3 Xerth Amer pf 47
. . North American rts. 20
5 North Pacific 90 H
.. Neva Scotia SAC. 38
. . Okla Pred A Ref... 2Ti
. . Orpheum Circuit.... 20 !
8 Otis Elevator 150
.. Otis Steel 11 Ji
2 Owens Bet Mach... 36
.. Pacific Devel Cerp.. 44
6 Pae Gas A Elec... 81 H
3 Pacific Oil 58 Ji
6 Pan Atner Petrel... 81
5 Pan Amer B 76 Ji
3 Pennsylvania R R.. 47 Ji
.. Penn Seaboard Steel 714
6 Peeples Gan Chicago 92
.. Peoria A Eastern... 24 Ji
.. Pere Marquette 40
6 Pere Mari pf 74
S Pera Marq prier pf. 81
3 Philadelphia Ce.... 44 Ji
2 Phillips Pet 49 J4
.. Plerce-Arrew Moter. 12J4
. . Plerce-Arrew Met pf 30
Ji
Ji
Vt
Ji '
!i
294-
20Ji-
150 -
ih;
"4 I
!4
Ji
Plerce Oil 7H
6 Pitts Ceal 66 !i
6 Tltts Ceal pf 98
. Pitts W Va 40J4
1630
300 m pond Creek Ceal... 22J'
400 s Pestum Cereal 91
100 8 Pestum Cereal pf...!07Ji
200 .. Pressed Steel Car.. 84
' 200 7 Pressed Steel Car pflOl
3100 .. producers A Ref.... 43
2430 6 Pub Ser cer of N J 95 Vt
2930 g Pullman Ce 127 H
430 .. Punta Alegre Sugar 494
6330 2 Pure OH 32!i
800 8 Railway Steel Spg..113Ji
600 3.41 Rand Mines 3Z"i
1030 .. Ray Cen Copper.
ID Y2
804
52 Ji
38 J4
1350) 4 Reading
100 2 Reading 1st pf . . . .
1530 .. Remington Typew.
2530 .. Replogle Steel ..
34
1403 ,. Repub Iren A Steel. 74 Ji
200 . . Rep Iren A Steel pf 94
600 .. Republic Mtera 3 94
200 .. Reynolds Springs.. 31
13600 3 Reynolds Teb B.
53 J4
55
3194
56
35
51 ?
I2!i
3Ji
7200 4.13 Royal Dutch N T.
1600
St Leuis San Fran..
100
2100
900
200
330
600
930
1200
100
100
6500
2800
2200
300
200
5300
2700
930
300
200
3700
100
330
100
300
530
100
1500
31830
10O
200
200
2930
18")0
DBOO
2100
630
200
5700
14690
100
1900
100
200
1600
3330
200
600
500
200
300
12930
3700
2800
100
1400
500
14830
500
300
33300
500
100
1300
200
21500
800
600
100
1800
2400
3700
100
300
3100
1100
2603
400
200
100
2600
200
200
400
2000
200
1900
1100
1000
200
100
1400
100
.. St Leuis S Fran pf.
. . St Leuis Southwest.
.. St I. Southwest pf..
. . Savage Arms
., Saxen Moter
.. Seaboard Air Line..
814
.. Seab Air Line pf...
.. Sears-Roebuck
. . Shattuck Aria Cerp.
6 Shell Fnlen Oil pf A..
2 Sinclair Consel
.. Skelly Oil Ce
.. Sless-Sheflleld
.. Sless-Sheffleld pf...
13Ji
E0 9i
0 9i
96
33 J4
1054
51
77
. . Se Perte Rice Sugar 52
6 Southern Pacific... 944
.. Southern Rail 2794
. . Southern Rail Pf . . . . 63 94
.. Spleer Mfg 20
8 Standard Mill 122J4
4 Standard Oil of Cal.111
6 Standard Oil of N J184J4
7 Stand Oil of N Jpf.118
.. Stromberg Carb 53 J4
.. Sub Beat Cerp 6Ji
.. Superior Oil 6 54
3 Sterling Products... 54 J4
3 Stewart Warner S7?d 45 Ji
10 Studebaker 129
.. Sweets Ce of Amer. 2Ji
. . Temt Cern & F "A" 1 14
.. Tenn Cep A Chem.. 104
3 Texas Ce 484
4 Texas Gulf A Sulph 51
.. Texas A Pacific... 34J4
1 Texas A Pae C A O 26 Ji
.. Third Ave 24 Ji
.. Tidewater Oil 129!i
6 Tobacco Products... 58 J4
,. Tobacco Pred A.... 5 94
. . Tel St L A W pf . . . 54
.. Transcontinental Oil 1514
2 Twin City R T 51 Ji
6 Union Bag A Paper. 69
.. Union Oil 19J4
10 Union Pacllc 151
4 Union Pacific pf.... 79 Ji
7 Union Tank Car 103
g United Fruit 153
.. United Rwy Invest.. 16
., Unit Rwv Invest pf 33 94
.. United Retail Stores 76
.. U S C I P A Fdy... 35 Ji
. . US Feed Products 8 14
.. US Heffman acn 2014
.. U S Ind Alcohol.... 65 H
..US Realty A Imp.. 73 V,
..US Rubber 58 J4
g U 8 Rubber 1st pf..105J4
..US Smelt A Ref.... 44
E U 8 Steel 104 94
7 U S Steel pf 121 J4
7 U S Tobacco pf.... 1154
2 Utah Copper 67 94
,, Utah Securities 17J4
.. Vanadium Cerp 5294
.. Va-Car Chemical.... 29 J4
., Va-Car Chem pf... 70
6 Va Iren Ceal A Coke 55
.. Vlvadeu Ine 12
.. Wabash 13 94
.. Wabash pf A 34 94
5 Wells Farge Exp... 00 Ji
7 Western Elee pf..,108
.. Western Maryland.. 15J4
.. W Maryland 2d pf.. 24 Ji
.. Wei urn Pad no 2114
6 Western Pacific pf. 63
7 Western Union Tel.113
4 Wcstlngheuse A Br 100
4 Westing E A M.... 64 94
.. Wheeling ALE.... 14 14
.. Wheeling A L B pf. 27 4
1 White Eagle Oil.... 27 94
4 White Moter 49 94
.. White Oil Cerp.... DJi
.. WIckwIrA Spina Stl 15Ji
.. Willys Overland 7
,. . Willys Overland pf. 40
.. Wilsen ft Ce 43 94
7 Woelwortli V W Pt.120
Werth Pump U.. 42 J4
C Werth Piinm B 73
I0O
1 Wright Aare...... I074
10 v
jLrHllvla-ae. t Tte-riHit,
A
L
OCAL MARKET HAD
THREEJFIRM SPOTS
Animated Spurt in U. G. I. en
. Circumstantial Evidence
of, Increased Dividend
Today's Net
Cleu Chi.
104 1
24
94
29
"94
94
Ti
9
2J4
"54
54
54
54
U. G. r Pcnnsylvnnln ftnllrend and
American Stores were the strong trio
of today's otherwise narrow local mar
ket. Of the three, U-. O. I. was the
active lender, with nn nnlmnted nd-
vnnce te G3, which Is within JS "I
the year's top price. The trading was
5354- 1.
89 -
39J4
43 -
uncommonly henvy, with approximately
2500 shares chancing hnnds during- the
33H 3T4
31 94 274
39J4 94
nrst two hours of the dealings.
The upspiirt wns net nltegctlier sur
prising in view of the recent persistent
itbserpttbn of the stock nnd rather
striking circumstantial evidence point
ing te an increase in dividend rate te
at least te 11 0-per-ccnt-pcr-nnnum
basis. Curiously the fresd' forward
swing in the stock occurred simultane
T4
54
"54
94
154
94
54
Vi
"54
"54
54
54
2
94
eusly with the spirited upbldding of the
mock et tne I'uDllc Kervlce t;onerniion
of New Jersey, the lntter being marked
tin alto en circumstantial evidence of
nn increase in dividend rate te 8 per
cent. Thin would materially increase
the income of the U. O. I., and pave
the wny in turn for n larger distribu
tion te its shareholders.
In the statement issued today by the
Public Service ('corporation of New
Jersey wns te be found additional ren ren
bens or hopes which would tend te
strengthen the belief of an increase in
dividend by that company. This Fliewcd
operating revenue of the subsidiary
teitipnnlea Inst month te be S0.070,
002.53. ns ingninat )5.Sri",517.00 in
July, 1021, an Incrcnse of $182,574.87,
with net increase In surplus before
dividends of $2511,030.97. ns ngalnst
$10.(158.00 a year age, the gain being
$2.10,:t08.3S, Fer the twelve months
the operating revenue wns $70,3S5.
703.88, ns ngalnst .$75,840,430.00 for
the preceding twelve months. The net
1
194
15
86 - .1
-
-
154
54
)4
Increase in surplus before dividends wns
$3,100,253.12, ns ngalnst $2.1)50,041.03,
84J4 54
46 - Ji
20
8994 294
38
me gain being ss-j.niujn.iu.
American Stores, after being dormant
for several weeki, showed signs of re
viving speculative interest. Following
the program of the last few days the
Bteck was marked up ever a point ngain,
raising the quotation te 150G. repre
senting a recovery of ever 17 points
from the reaction sustained n fortnight
54
4)4
?i
V.
1 1 54
36 -
494
0 -57
94 -79
54
75 1
47 -
7 -91
-?4Ji-39)4-74
807i
44 4894
1 1 54 -30
7 54
66 94
98 40J4
21 !4-
re -
107)4
83 Ji -
101
42)4 -
age. The movement disclosed n wide
inquiry and several of the houses prom
inent in recent forward swingH were
ngain prominent buyers, which, it wns
reported, wns for inMde account. Penn
sylvania Railroad's firmness apparently
reflected the comfortable position the
company enjoys ns te the labor situa
tion. The stock held above 47. while
the ether rails wavered. Trading in
Philadelphia Electric shares and P. It.
T. nnd most of the ether local stocks
was quiet.
1)4
!4
54
!4
54
Vt
Hi
54
94
'iTi
Philadelphia Stocks
-. . Hl8h "-""V Cleie cnf
e.j0Am Strs.,150 14!) 150 -h
94
Hi
1 '
M
4
194
54
. Jiani IjOC.ixe'," i-'iJL l-'i;"l:M
300tChRI&P43
45
45
is
280 Elec Ster. 4B"'&
23fGt Ner pf 94?i
10 Hunt & B
Tep pf.. 0
100 Key Tel.. 8
120 I.k Sup C '
30 I.eh Nav.. 70 V"
5 Leh Vnl.. 00
300tM Stn Oil 13
512 Pa It It.. 47U
51) Pa Snlt M 80Vi
100 Phila Ce.. 44
370 de cum pf 41
175Philn Elcc.32',
21 de prcf. . 31T,
120 P It T . . 32
15 Hndie Cor fiX.
4S4
04 "i
n
s
O'i
70
00
13"s
47
8(1'.
14 "
41
32
I
32U-
4814
0174
0 4
8 Wi . .
1S6J4
4994-
32)4
113 -
32 94
J,
33
73J4
94
394
30 94
53 53 94
3154 .
56
344 -5194-12)i-
3. ,
7?i-13)-9.0)',-
84
96 32)4
104-
Is
94
94
!4
)i
4
94
94
Di
94
1
54
Vt
31
"V2
00
13i
V.i
47 1
Wl'il
32' J
31Ts..
',x
32'
:
r,u.
200tHcading.. SO
eu
Ti.
fiOtHeple Stl. .'J3Ts 33 Ta 33T8-l'i
SajHtuilcbkr 120 127"s 127Tili
COfTexas (5ulf
Sulnhur. 50 '.A
50JC- 50'i !)i
l-ii 1.. '
500 Ten ltd., li-i
21()Tone Min. 2
10 Un Trac. 40"i
2823 U (J I . . 534
112 de prcf . 55is
50tUS St.Tl.Ktl
100t Wen Md. 15
10 W J & S- 37?i
. 1
404 40.. I
52 53'H-l
55 55 . .
101 1(11
15 J 5
Vi
94
54
Ji
2
1 14
5i
14
54
54
" V,
154
94
54
J4
94
37i 37-74 I
2! I 20 . .
no ietk Jiwy )
50 94
77
52
9494
27 94
63 -
20
122 J4
110 -
184 54-
118 -
53)4
654
6 -
53T4-
t.N'et ihaiiB mudt by cnnirarli-eu with last
iilu en .New Yerk block KchniiK
-.XT',! H"' "nHi. "hs'-f". compared with
I!'? harc" icstenUy, Thus tur this week.
31, liO,
PIIIIADKI.rHIA BONDS
100 Liberty 3is '47 100.52
3000 Electric & Pee Tr 48 ctf. 70
3000 Lake Superior inc Cs. . . , 35
3000 Phila Ce con 5s 80.
4000 Phlln Ce con 4js '00..M 08A
0000 Phila Electric 1st 5s.... 100(4
1000 Phila Electric 1st 0e..., lOO'i
000 Phila Electric 5.s 102
4000 Phila Electric 0s 105-iJ
COO Phila Electric 0a 105Tt
2000 Phila Electric 0s T 105 Ji
Total, I2J.100 remparcd with J18.000 y,i".
terday. Thus far this wivjk. UTa.yce.
94
4554 1
128J4 1 JS
2T4 ..
U4
1094 48J4
50J4
33 94
-57
J4
84 Ji t
54 -1494-5154-69
-
19J4
151
54
!i
5i
3i
94
H
94
1
Ji
U
1
54
194
' 54
!4
GRAIN MARKET
V1lt
Spttnber ,
December .
May
Cern
September ,
December ,
Muy
Ontfl
Keptemlxir ,
Deeember ,
May
I.anl
Heptemter .
October ...
nibn
Reptember .
October ...
Open
. l.ul'l
. i.ea'i
. l.7'.a
. HO'4
. r.n't
. si
Mlith
1 O.Vi
1 04t
1 t'!)'.
m
r,"
un
32'i
Lew
1 'Jl1
1 IIVLj
1 U7'a
0014
:i7
Cles
1 MIS
I.0.1
i.ua
iwiT,
ess
null,
32
a ji
37
10.ne
JO.a7
a 7
i'. 07
.10.30
. 10.IU
10. se
10.07
10.17
10 id
!
79 Ji J 1)4
103 j
1S1 -,4
16 -
COTTON MARKET
u
33 -75J4
4
35
Vs
64 J4
73 -55)4-104
H
44 54
Hi
!i
H
54
5i
94
2
194
Veit. clee
. "flaw 115
. . Ti.iTitm
1; s. 3 'it 35
Open
! P. M.
'ii :iu
aa,4e
j-i.-ii
BS.i'6
October ,
IX'Cember
jafuary
yj 40
Ti .13
.a.'.'u
i'i.-a
Ti.-il)
jmrcn . ,
May ...,
NEW YORK COFFEE MARKET
l'rovleua Clots
. .. UMU22
Open
n.l02l
0.20
0.2HQ30
1fl:8TSl,7
A 34 0 38
Keptemlxr
October . . ,
December ,
Mirth ....
May
. . . 11 JU
.. (1. 301
... 0,38:
... 11.30'
... u.ne '
104)4 1
138
Hi
1ZIJ4
115J4
67 -1754
51J4
94'
55 -12
1314
34 94
80J4 I
108
1494-
24 -
20 94-
63
115 -100
-
6314 -
14 54-
27)4
27 54
49 54
894-
14J4
7 39 -
43Ji
120 -
42
73 .-
10Ji-
July .
Hid.
4 Ji
loitered.
MONEY-LENDING RATES
NEW OBK Meney yn call, both, rlaaie.
of rellaternl, opened today t 3 per tent
for lending nml renewing,
Tlinii money w a; very InaetUe. but die
Played a allhtly firmer ten. llatca wei
nominal at 4 K per cent for ninety duja Hnd
4i lr cent for no nnd elx mentha, Thla hi
1!
54
"" '" " ' rar wnin prepurnl en fur
ineylnc the rrepa dlkpe.e bankers tu restrict
the r neil date co ateral Icmna. ,l"lr"''
t
1
Tha call lean rate ,111 prime bunk vcent
anc" .SJ"1 f"'""'! ' Tr cent te 3(4 per
cent. The market wa ery dull. Quotatlena
were, aa follewa: Fer thirty, aix
94
54
154
54
94
54
11 . , r ' "'"'. iy and ninety
'4 in 3 per centi for 120 day., ali
i- cent! for IBe daya, 3,i te Hli per
euya, .1
te 8 per
cent
Offerlnge nf prim mercanllln paper aie
net are. Hales are nominal at 4 te 4W
per cent.
rillIADKIJiltA Call. 4U per rent
time. 44 te 4V4 per centi commercial paper.'
three te alx mentha, 4'i te 414 per cent.
M)N!ON Meney. 2 ir cent. I)lceunt
ratea, abort and three mentha hill. . ....
Ti
94
94
i
194
1
cent .... v.
BANK CLEARINGS
. (lank, clearlnva today compared with cor cer cor
Aipendlnir day laat two yeara,
.. 1'.'2 1021 io-e
I'hlia... ie,oeo,onn t.-3,oen,oon t;s.av.404
noaten.. 42,000,000 8S.03M0 .........
rhleae. 81.600.000 73.R00.neA '.'.'"""
Vt
jf. . Tork.B7ii,ae,oo( 4M2,ino,eii.6d,in,2nn
ID1CMO,,- B1,V.UU 75.BUU.O00 P3,3l)9,7ai
k
irm
FAITHFUL: '
Trut tr trustworthy In the ptrfermanet f duty,
s Niw Standard Dictionary.
Faithful te One and All
TO exercise 'the same personal care
v in conserving the property of its
clients that it would use in conserving
its own is the solemn responsibility as
sumed by a Trust Company.
, The men who founded the business that
Provident Trust Company of Phila
delphia is continuing fully realized that
in their hands would lie in many cases
the 'future financial welfare of inexpe
rienced widows and orphans as well as
of competent business men.
Provident Trust Company of , Phila
delphia has been faithful in little things
as well as large. On its' record of
proved integrity it offers its facilities for
handling all manner of Deposit, Safe
Deposit and Trust business.
PROVIDENT
TRUST COMPANY
OF. PHILADELPHIA.
Fourth and Chestnut Streets
(Saunter te tht Dtpttit, SeffDiptit, and Trust
L Tv Dtperf mints of Th rrevtatut Ltjt ana r J m
' i Truit Company of PhlladtlphiaJt ysVm -M
tmints of Tht Pnvldtnt Lift
rutt Company of Phlladtlphia
overheard en the
Baltimore & Ohie
A Stock Breker told a Balti
more & Ohie dining-car stew
ard that he had been using
the line for 15 years. "Be
cause I am made te ENJOY
traveling, net te tolerate it."
Baltimore Ohie
Travel comfort is one of the first con
siderations in Baltimore & Ohie serv-
ice.
That is why passengers eniev
traveling: our way. Try this service
en your next trip. Telephone Walnut
3602 or Race 5144.
AMERICA'S FIRST RAILROAD t ESTABLISHED J82T
'i " '
MllllllltllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllU
Wc own and offer
GIMBEL BROTHERS
7 Cumulative Preferred Stock
Particulars and price en application
West & Ce.
1511 Walnut SlTfft
Philadelphia
Mrmlirra
...TIT,'er!ll N,ec, '"'Hunt--.
1'hlledelphU Klerk Kxrlmngs
illilllll l litlll 1 1 1 1 1 1 1 111 1 1 ill ill f llltllllll 1 1 1 lllltll III I llll I JI II JUIIIMi
nmimHsnnMiM
WE OWN AND OFFER t
$100,000 Indiana Service Cerp. S, 1951
60,000 Kansas City Gas Ce. 6s, 19421
50,000 New England Power Ce. 5s, 1951
100,000 Newburyport Gas & Elect. Ce. 5s, 1942
100,000 Tennessee Elect Power Ce. 6s, 1942
Circulars en Request
ARTHUR PERRY & CO.
BOSTON
Investment Bendi
New Yerk L.atavette tSUlIdinsr. Philairl.ini... t ..:j.,.
" of - -- rieTiu.ii
JSn-renR-uia-Biiw
e.OI.CIarh&Ce.
BANKERS
Ml CTMstMt St, PklUIls4U
RfaMjid 1837
llanbert New Yerk and PhiUdelpUa
Stock ExcbaefM
BerftcU Snse. & (De.
publlr HHlHy Srrurttta
for CKtljanet CuUDina, fWU.
Tenn. Electric Power
6s, 1947
Bought Sold Quoted
rtlTmU fhemV ta Mew Tern aVSttMa
nljl
-i-
A
,'
4
4
1 :
A
;.
k 'l
,
U
t-aai - mil l ' (mm '
BS
30 Wall Rtr-tt
Nnv Verk. N. V.
Masen City & Ft. Dedg
4s, 1955
Woodward Iren
5s, 1952
Kirhv I iimru-r Ffd. !
Wm.C.Orton&Ce
S4 Will St, N. Y. Ttl. Htnertr MfO
ISAAC STARR, JR., & $
United Slates CereraW
Securltlna beucht end
at prevailing market
16th llSaisem Sts., Philaai
fcJ2w
h
;f 't,if rA
JAstli -,'
i ?? '.yiTfi.'i$' .'bunv.y'ana, l-t
rv